Today will focus on automating Intercompany Ledger Journals.
We want D365 to automatically fill in the related Intercompany Receivable and Payables accounts and post the complimentary journal in the other company(ies).
- Chart of Accounts
General ledger > Setup > Chart of accounts > Main accounts
Create the following accounts.
2. Journal names
General ledger > Journal setup > Journal names
Create a new Journal Name as exhibited.
Create the exact same journal name in all applicable companies (both US01 and US02)
Note: Journal type “Daily” will appear in General ledger > Journal entries > General journals
General ledger > Posting setup > iIntercompany accounting
Create a new record, fill it out as exhibited.
Note: The Intercompany Main Accounts assigned to company US01 are named US02.
Note: The Intercompany Main Accounts assigned to company US02 are named US01.
Note: Make sure to assign journal name exactly as spelled in step 2 above.
General ledger > Journal entries > General journals
When you create an Interco journal like exhibited, the system will automatically populate the corresponding proper Intercompany Receivable and Intercompany Payable accounts and Post the related entry in the second company.
The example is moving $1,000.00 USD from Petty Cash in company US01 to Petty Cash in company US02.